An Endowment Life Insurance typically combines a term life insurance with a saving program.
Our Endowment Plans guarantee a lump sum benefit after a specific period (on maturity) or in instalments at fixed intervals throughout the life of the plan. Each Plan offers a risk-free saving program with a guaranteed return and is an ideal savings mechanism to fund your child’s future college or university education.
If death occurs during the life of the policy, your beneficiaries receive the full Sum Assured regardless of whether installments were paid. This feature is not available for our Educational Endowment, Non-Participating Plan.
You have the added flexibility of customising your Endowment Plan by purchasing the following add-ons known as riders.
5 cash payouts every 3 years for 15 years up to the maximum of the Sum Assured.
Our Education Endowment is available for children up to the age of 14 years. Payments of 20% of the Sum Assured are made at the anniversary of the policy once the child attains the age of 17 years and continues until the age of 21 years provided the policy remains in force.
Term life insurance provides the most cost effective coverage because it offers substantial protection at an affordable premium over a specific number of years. Our policies give you the option of choosing the length of coverage you need. During the period of your choice, your premiums are guaranteed not to change.
Our term life insurance solutions are ideally suited if you require:
Our Pinnacle Security and Term 10-Years allow you the option of converting your term policy to a permanent policy without having to take a medical exam or meet any additional requirement.
You have the option of customising your Term Life Policy by purchasing the following add-ons known as riders.
GTM offers three Term Life Insurance options:
Our Futura is available for 20-Years or up to the age of 65. All your basic premiums paid are returned at the end of the policy period. The Futura up to age 65 provides an added benefit of a cash payout up to 60% of the accumulated basic premiums at the age 61.
The Term 10-Years allows you to renew every ten years until age 65 at the same premium.
Our Pinnacle Security Term Insurance offers multiple coverage options (10, 15, 20 or 25 years and up to age 70) along with a conversion guarantee at no extra cost.
Our Universal Life Insurance Plan, the Horizon Classic provides a dynamic combination of guaranteed permanent life protection and a flexible cash value accumulation.
In your younger years, cash accumulation would be a priority however, as you grow older, the need to provide guaranteed life protection for your family increases. The Horizon Classic allows you to custom design your policy with emphasis on either guaranteed life protection or cash value accumulation. Overtime, as your needs and priorities change, the Plan’s flexibility permits a shift in emphasis.
Need emergency cash? Your Horizon Classic Policy allows you to access your accumulated cash value by way of a withdrawal or loan.
You have the added flexibility of customising your Horizon Classic Policy by purchasing the following add-ons known as riders.
A Whole of Life Insurance provides coverage for your entire life with guaranteed premiums, a cash value component, and death benefit.
Our Platinum Protector is a participating Whole of Life Insurance Policy, which pays a dividend on an annual basis after the first two years. Other features of our Platinum Protector:
You have the option of customising your Platinum Protector Policy by purchasing the following add-ons known as riders.
Health care can be very expensive for your family whether it is routine medical or dental checkups or an emergency that requires major medical intervention. Our Individual Health and Family Care Plans provide a wide range of benefits to protect you and your family and shield against rising health care costs.
Whether you require insurance for preventive health care expenses or protection against the financial burden associated with treating major illnesses such as heart attack, cancer, kidney failure or stroke, we have a plan that will meet your needs and your budget.
If you are an employer, ensuring that your employees stay healthy is a key ingredient to the success of your Company. Our flexible health care packages provide superior coverage that protects you and your employees. Each package can be tailored to the specific needs of your organisation.
Our group life insurance packages are designed to meet the changing needs of today’s organisation and its employees. It is an added benefit under their compensation package and provides financial security to a beneficiary should an employee die from natural causes or accident during the course of employment. There is also a total disability benefit.
It is never too early to start saving for retirement. Encouraging employees participation in the organisation’s Group Pension Plan ensures that they will have funds set aside for their golden years. Having a Group Pension Plan is an added employee benefit that may give your organisation an advantage when competing for and seeking to retain employees with skill sets, expertise and experience that are scarce. At GTM, we provide affordable retirement solutions with accompanying investments that are safe and guaranteed.
As an individual, you need not participate in a Pension Plan to save for retirement. Our annuity products offer a risk free avenue for you to save for your retirement or to protect and grow your retirement savings. If you are a participant in a Pension Plan, annuities are ideal to supplement your benefits after retirement or used to maximise on lump sum payment received from a Pension Plan payout.